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Coinss Crypto News

With share price outpacing Bitcoin, Riot Blockchain appoints new director

Last week, as share prices ripped upwards of 50% to levels not seen since the 2018 cryptocurrency bullrun, Riot Blockchain (NASDAQ: RIOT) appointed former director of the listing committee for the Toronto Stock Exchange Hubert Marleau to the Riot board of directors.  The Colorado-based firm was in the market for a new director after the departure of former Canadian Cabinet member Remo Mancini. Marleau brings a wide range of regulatory and...

Rapper Logic invests $6M in Bitcoin as latest celebrity to catch crypto bug

Following Game of Thrones actress Maisie Williams’ call for advice as to whether to go long on Bitcoin (BTC) earlier this week, the rapper Logic has dived into Bitcoin headlong. In a video posted to his Instagram story, Logic, real name Sir Robert Bryson Hall II, bragged that he, “Bought six million in Bitcoin last month,” while making the collar pull gesture popularized by fellow rapper Xhibit in the mid-nineties MTV show Pimp My...

This Technical Indicator Suggests Bitcoin Has Formed a Local Top

Bitcoin’s price is seeing a slight consolidation phase as it trades around $13,000 The selling pressure around $13,200 has proven to be significant but bears inability to spark any significant retrace points to some weakness amongst sellers If bulls can provide BTC with a strong foothold within this price region, there’s a strong chance that serious upside is imminent One analyst explained in a recent tweet, however, that a technical...

Morgan Creek Digital co-founder sells his Chevy for Bitcoin

As Bitcoin (BTC) momentum continues to grow, some people seem to prefer selling their belongings for cryptocurrency instead of fiat money. Jason Williams, a co-founder of Morgan Creek Digital, a dedicated digital asset investment business run by Morgan Creek Capital, sold his car for Bitcoin. Williams announced on Twitter that he sold his 2007 Chevrolet Suburban for 0.4 BTC, worth around $7,300 at publishing time. According to car shopper...

Tim Draper, Pantera Capital back new crypto derivatives exchange

Some of the biggest names in blockchain have thrown their weight behind a new cryptocurrency derivatives exchange, signaling that the next bull market could be driven by institutional investors. Crypto derivatives platform Globe has raised $3 million in seed investments to launch its Globe Derivative Exchange. The new platform is aimed at bringing institutional investors into the world of cryptocurrency. Early-stage investors in the new venture...

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.  In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching...

CBDCs Have Global Implications on Privacy, Politics

Central bank digital currencies (CBDCs) can have broad implications for the global balance of power in both finance and politics, but the optimal scenarios for adoption have yet to be found.  These are some of the ideas voiced by the panelists discussing China’s digital yuan project on Wednesday. The panel was arranged by Policy 4.0, a Bangalore, India-based think tank, which has recently released a series of reports on the digital yuan. The...

Key Bitcoin price metric shows pro traders are nervous about $19K BTC

This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards. While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO has some calling for a sharp pullback. Data shows Bitcoin hasn’t seen a drop larger than 5% since Sept. 4 and over the past 77 days the...

XRP price soars 50% in one week to new yearly high — Watch these levels next

Bitcoin (BTC) has been taking the spotlight in recent months, but altcoins have started to finally follow the number one cryptocurrency. Several large caps have been making double digits runs in the previous days, resulting in a mini altseason. Not only has Ether (ETH) soared above $500, but Litecoin (LTC) also gained 40% in the previous week. However, XRP (XRP) is currently taking the spotlight with a daily rally of more than 20% and a new...

Bad Crypto news of the week

Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just the US dollar that Bitcoin is bashing. It’s also hit all-time highs against the Russian ruble, the Colombian peso, the Brazilian real, the Turkish lira, and the Sudanese pound among others. Its rise, now 375 percent above the point that gold investor Peter Schiff accidentally called as...

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